The Grove in Paphos

Name: Sales in The Grove started!
Start: 2021-04-20T08:19:06.900995+00:00
End: 2023-12-31T23:59:59+0000
Location: The Grove

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Project info

Object ID: 11967

Finished at	December 2020
Price, m²	From 4745$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 89.00 m²
Floors	2
Apartments	27
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Pool Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

422,305$

Net profit

9,376$

Payback period

35.9 years

Avg property value increase per year

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Promos and discounts for The Grove

About the project

Surrounded by orchards and ensconced within landscaped gardens, The Grove comprises of two and three-bedroom townhouses. The contemporary designs are available as semi-detached, which enjoy a large communal swimming pool, and detached villas with the option of a private swimming pool.

The Grove offers privacy and relaxation to residents and their families, providing the perfect setting to host friends and family. The architect has perfectly combined modern architecture with high quality finishes and a Mediterranean ambience to achieve beautiful homes in a truly unique setting.

The designs harness natural light, ensuring contemporary airy living spaces. Each home opens out to an elegant terrace and private garden that overlooks the pool or communal gardens, offering an ideal space for alfresco dining. While all villas feature a spacious balcony which provides the perfect place to relax and absorb the beautiful views. Residents will enjoy pure serenity in their fragrant surroundings!

Developer

Over four decades, we have changed the real estate market in Cyprus, helping to enhance the international status of our beloved country. Paf…
Details about Pafilia